very interesting to see the salary range for the MBBs. I'm getting to 7 years experience in consulting at one of the Big 4 in the US and am pretty spot on the Project Lead salary.
Indeed lots to say about this. Try to facilitate more discussions like this on the Firm Learning Discord server. Feel free to join, great input from you in the comments here! :) (link to Discord in video description). Best, Heinrich
As a consulting employee in Central EU, I can confirm those numbers are correct for Germany, at least from what I heard from colleagues. For CE cut those numbers by 50-55% and you get what you might earn here. One thing I might add for the Leave program. Firm usually covers only the school tuitons not the salary while you are gone so you better save up.
Thanks for sharing and confirming! In Germany, you get paid both part of the tuition and a salary during the leave ;) I do know that the leave program differs by country though, also within the same firm. Best, Heinrich
Thank you so much for this very interesting content Heinrich! I noticed on your Linkedin that it took you only 1 year to promote from Business Analyst to Associate. It seems fast for such a big salary gap. Is it common or is it due to exceptional performance? How many years it “usually“ takes for a Business Analyst to become an associate or for an Associate to become a Project Lead? Congratulations on the arrival of your new family member, Hope to see a video about audit soon! Tristan
Hi Tristan, it is a bit more complex, especially in Germany where there is the "Fellow" system in place at McK. In general, you can expect to be 2 years on the Business Analyst / Fellow level and get the corresponding salary. Then you will go out for the leave. After the leave you will be an Associate for 2 more years and then become a Project lead. I.e. about 4 years from start to project lead, without the leave (you might be faster if you are a rockstar performer and always get promoted early). Best! Heinrich
Thanks for the video! Starting salaries are quite low for accountants but your professional qualification is funded. I entered the workplace 14 years ago but still earn less than an Associate at MBB, although I generally do a 35-hour week so actually my effort to money ratio is probably more favourable than theirs :-)
Hi Alistair, indeed work-life-balance is usually not the strong suit of a consulting career. Trust that such a 35 hour week has lots of great advantages! Best, Heinrich
Hey Heinrich, I get accepted into a consulting firm after watching almost all of your videos. My role will start in two months, can you make a video on how can I better prepare myself prior to onboarding? Thank you.
Hi Chen, thanks for your comment, hope the videos were helpful! :) Yes this is indeed an interesting video topic, lets see might pick this up for a future video!! Best, Heinrich
Hi! Thank you for this video! I would like to ask if theses salaries are comparable to London offices? Are the salaries higher or lower to the figures you mentioned in London offices?
Heinrich, thanks for the video as always! Do you have any content for people with non-traditional backgrounds trying to break into MC (e.g., individuals from industries like Real Estate (development, investing, etc), or other adjacent industries requiring similar skills and exposure that consultants look for)? Thanks!
Hi Darrin, thanks for your comment! Good thing is that especially MBB firms hire people from all backgrounds if they meet the criteria. But might indeed discuss this in a distinct video in the future, thanks for the suggestion! Best, Heinrich
No wonder the transition among subject is very swift and fast, Germany style in time management , thanks for the hard works and excellent content Heinrich , congratulation for your new babby , i watch all your video and found it still useful for me, who already in consulting for 31 years....keep going sir
Hi Heinrich! First, I've just discovered your channel and I love it, I'll probably watch all your videos. Let me ask you a question, maybe you could help me: I am a medical graduate (since 2020) and I am currently an intern in the medical department of Johnson & Johnson (my fellowship ends in February). What position do you think I would get into at an MBB type consulting firm, if I apply at the end of my fellowship? Greetings from Spain
Thanks for watching, I am so glad you love the channel! I think the best way to determine this is by speaking to recruiters at these firms to understand which role would best suit you.
Thank you Heinrich for given such tremendous and really helpful insights into the consulting area! Do you think becoming a Business Analyst with a M. Sc. Sport Management from the German Sport University Cologne is possible? And can you recommend any further educational skills/courses that are really appreciated by employers, e.g. Data Studio certificates etc?
Hi, thank you! Depends on what consulting firm you want to break into. If you want to get into MBB firms, it would be great to do a Master at a target business school (potentially also abroad) to increase your chances. If the rest of your profile meets the criteria, this will be very much realistic! Regarding certifications / courses, no - just from the perspective of getting into MBB consulting, I do not think that this will help you. Best, Heinrich
It will be highly dependant on your business proposition to the firm you chose to apply to. Usually the process is, and I am sure I can talk for all Management Consulting firms (MCF), you submit your CV which will be screened and will have to tick off some requirements. There is ton of books and youtube videos on what are they usually looking for in good candidate. If you do tick off these requirements, then there is usually a test. You can find sample tests directly on the MCF pages. Then you will be invited for in person interviews. If you will be able to go through all this and make yourself stand out from the crowed it doesn't matter what your major is. I know a partner with masters in Theology another in History. That all being said I agree with Heinrich and everything extra you can offer will increase your chances and prove your interest. Then there is also a path to be hired as an experienced hire or for some internal role and then switch to consulting but that can be even more difficult.
@@FirmLearning Perfect, I'll check it out :) I am super excited to start my internship, but not sure what to do in preparation to maximise my chances to get an offer..
Thank´s as a Swedish civil engineer I have always wondered what my study companions in the industrial engineering field gets payed. Great now I know that I choose the wrong engineering field. :-)
Hi Jonas, thanks for your comment. Great thing about consulting is that especially the MBB firms do not care too much about your major. Therefore if you are really interested to do the transition, go for it! ;) Best, Heinrich
Hi Jonas, keep spirit brother, i am a civil engineer too and working as consultant, on my experience the finance and law major background have higher remuneration compare to the engineering major, my advise is take the MBA or finance in your master degree, i believe it will significantly empower of your potential....cheers
I am working in a different industry but I have been following your channel for a while. Most corporates now have this accelerated program which targets mainly juniors who spent very little time with consultants and hire them with a lot of promises for growth and matching the income from Consultants. The topic is too complex to be discussed in a comment but overall I think that it is backfiring at the corporates and most MBA programs because most of these candidates don't fit well and they eventually leave or become a burden on the corporate. Seeing those packages makes total sense to me now why a guy with 2 or 3 years of real life experience and placed in a midmanagement role in a corporate where they have no idea how to execute and get shit done is a wrong move.
Hi, thanks for your comment and sharing your perspective! Agree that it can be tough and difficult to transition from a role in consulting to an operational role. Indeed many consultants underestimate how difficult it actually is to run an organization (me included after I left consulting) - this is at least my experience and I also made a video about it. Best, Heinrich
@@FirmLearning I watched the video and I appreciate the transparency. Would be very interested to know your opinion of consulting firms nowadays giving a one size fits all solution or a copy/paste solutions to most corporates and how the magic pill (digitization, differentiation by engagement marketing, organization changes, sustainability relevance) can be an overkill in certain markets or industries. More like a jump on the bandwagon approach.
Hi Heinrich, Im starting soon in a smaller consulting firm and im going for 60k salary. I will have more free time than in top tier and hope to build my own brand next to the job as you did here on the channel. Greetings
Hi Heinrich, great video! I will be doing an internship in consulting this coming fall. Was wondering if you ever worked with student interns in business consulting and if you can share a little about how you determined whether the intern was a good or bad intern by the end of their internship? Thanks!
Hi Hujas, thanks for your comment! Yes have worked with student interns in the past. Even have a video on this topic on the channel, check it out! :) Best, Heinrich
Hi Heinrich. Thank you for the insights. Please can you make an up to date video on work-life balance? The salary/compensation is always attractive, but work-life balance nowadays is more important, particularly with mental health and burnout. You could get paid millions, but if you spend over 100+ hours a week working, then what is there of life? Early retirement?!
Hi, thanks for the comment. Great suggestion! Already touched on this topic in several videos, but agree that this might be important enough to dedicate a full video ot it. Stay tuned for future content :) Best! Heinrich
Work life balance is something the firm is really looking into. Especially in the past year. Provides guidance and help. I will not sugar coat it and tell you that consulting life is only about flying 1st class, living and dining in 5 star hotels. There are projects where you will work ~10 hours per day but there are projects where you will work ~16 or more hours per day including weekends. For me it goes down to if I like the topic and work with colleagues I enjoy working with. Coz I can be on study where I only work 8 hours per day but the team is not on the same frequency and it's going to be an absolute nightmare. On the other hand I did a study where I hardly slept including weekends but the team worked as one person I didn't mind the extreme hours. Pre covid the standard week was sort of: Monday morning commute to client location > Thursday return home. Evenings in hotel or home. Friday work from your local office but usually more focused on planning and content work, catching up with friends and colleagues, office events. Occasional weekend work During covid: Zoom calls Monday through Friday morning till late night (If you are lucky you can join some local office zoom session)+ occasional weekend work. This is based on my persona experience. There are colleagues that love the new normal, there are colleagues that hate it. Both sides scared about what's coming next.
Hey Heinrich, as always good and interesting content from you! As base salary you mentioned as base a masters degrees but also mentioned bachelor graduates. How much would the starting income of a bachelor graduate would be? When doing their leave they would then make their masters?
Hi, yes indeed. With a bachelor, it will be ~15k EUR or so less for the first year, then around the second year you will be on par with the Master graduates. Best, Heinrich
How many people do these firms actually hire and how many of those people last longer than 2 years? The reason the salary is high is because it justifies very unpleasant working conditions.
Hi, thanks for your comment. For sure the workload is high and this is also one of the reasons why the salaries are high as well. It is also true that many people leave after some years, though there are also other reasons for that / not only due to work conditions. Do not know exact global numbers, but believe that there was a news article earlier this year with McKinsey Germany where they announced that they aim to hire 400 new consultants in 2021 in Germany. Best! Heinrich
Nice video Heinrich! Is it possible to apply for MBB in Germany even though you aren't German, or better to apply in your country? Thank you in advance :)
Hi! In general, most firms will require you to have a working permit for the country you apply to and that you have business fluent language skills for the local language. If this both is the case for you, you can apply! It will help your case to also be able to provide good / personal reasons why you want to work in that specific country if you did not have any connections to it before. Best, Heinrich
Hey Heinrich, What are the differences between offices in one country, if there are any? Do some offices have thematic competences or doesn’t it really matter in which office you start? Are there any consultancies that staff particularly international?
Hi Ulrico, usually salary structures are the same for offices within one country. Whether offices have thematic focuses depends on the consulting firm. Some offices do, but not necessarily for all firms in all regions. How this is organized can also differn within the same firm from region to region. McKinsey has the value "one firm" which aspires to always bring the best of the firm to the client, independent from where consultants are based. This indeed leads to lots of international staffing. During my time in consulting, ~50% of my projects were international (outside of Germany). Best! Heinrich
Hey, thanks for the detailed description. It was very informative. I have a couple of questions: Q1: Is there anything called Senior Business Analyst between Business Analyst and Associate? If yes, what is the expected salary range of those people? Q2: What position is suitable for a person who has two years of work experience and then did a non-MBA masters degree? Are they a good fit for Associate? Or BA? Or somewhere in between?
Hi Satvik, Q1: here the details differ by office and by country. Some will have something like e.g., a Jr. Associate type of role, salaries will be around 90k EUR. Q2: It will depend on how relevant your work experience will be perceived as by the recruiters / this is something that can be negotiated.. It is possible to start as an Associate with such a profile. Though often once you start as an Associate you cannot take advantage of the leave program anymore, so this is also to be considered. Best, Heinrich
Hi Heinrich, this is very informative. I am interviewing for an associate director and partner role at BCG based out of Nigeria. Do you know what range such level and role pays, considering its based out of Africa?
Hi, great video! I was wondering, if consultants get overtime compensation for the extra hours they do. A normal work week in Germany looks like 37hs to 40hs. If working more hours like in McKinsey (50+ to 60+ hours a week), are these hours paid? Or is this expected and considered by your employer for already having a good base salary and bonus?
Hi Jose, in consulting (as in most other „fast paced careers“) you will not receive overtime pay in most firms. Hourly rates are therefore indeed not that great, especially on junior levels. Trust that on senior levels, hourly rates still stack up quite well though ;) Cheers! H
@FirmLearning Thanks a lot for taking the time to reply. I just saw your first video today and already watched like 20 more of them. You are truly a great inspiration! I'm learning a lot from you :)
You need to consider growth and exit opportunities that these spots give you. Nobody goes into a 70-100 hr week commitment just for the pay at the junior level.
Hi, yes taxes are of course brutal. Though for me the money was never the main motivation. Most people do some years of consulting due to the learnings! :) Best, Heinrich
It's interesting to see the difference between Germany and its neighbours. I'm in a neighbouring country and from what I understand salaries are lower. Also interesting to contrast with investment banking, where base salaries may be lower (this has changed a bit post financial crisis) but bonuses are significantly higher. I wonder why consulting firms do not attribute more reward to the bonus. KPIs are tracked and whether you're a consulting partner of IB director/MD, your job is to bring in money for the firm. Should be fairly similar - no? What am I missing?
Yes indeed, salaries differ significantly by country / based on the local competitive situation. IB salaries will usually be higher on all levels, though of course workload is much higher in IB compared to consulting as well (most notably, the weekends are usually free in consulting). It is true that compensation does not differ significantly on the junior levels, but the spread increases the more senior you get. On partner level, the performance spread regarding salary can be very significant. Best! Heinrich
And don't forget approximately 50% of the money is going to the government via taxes and social insurances, especially if you are not married with no children.
Hi Nick! Hmm these job titles differ firm by firm, would need to understand what firm exactly you are referring to. E.g., at McK, in most offices there is no job title of a "Consultant". That being said, at MBB you do indeed start on a higher level with a PhD / MBA than with just an undergraduate or pre-experience master degree in most offices. Would be very surprised to hear that this is different in the UK. Best! Heinrich
Hi Dhruv! The spread will be smaller for the entry levels and higher for the senior levels. E.g., as a young business graduate in Germany, you will likely earn something around 45-50k in such tech consulting roles (compared to 70k at MBB). The spread will increase the more you advance! Best, Heinrich
maybe you did a video of this before. But why did you leave consulting? You are relatively young and don't seem burnt out. I am curious what got you to exit the industry if you have totally exited....I ask as a market/consumer insights consultant who is increasingly working on business process projects for clients. I often consider working as a management consultant to gain some experience that I would definitely apply to some of my clients' projects. great channel by the way....
Hi Moowa, thanks for your comment! For me it was always clear that I did not want to work in consulting forever. After 6 years, I felt like the time was right and when I got an interesting opportunity, I followed it :) Best! Heinrich
@@FirmLearning Thanks for the response. Wise decision. Perhaps some day you could do a video on what to look out for as a consultant and how to exit the industry. I know I would have benefitted from a path out of the consulting I am in. Working for myself is one way out and while it is less stressful not having a boss above me, its a different type of stress to be the final authority on client brands and consumers. Best to you too
Thanks heinrich for the informative video! Anyone know what are the base salary for business analyst / associate in mbb France? It seems to be much lower than in Germany, despite the higher living expanses 🤔
Hi! Hmm also heard that salaries are slightly lower in France, but unfortunately do not know the precise numbers. The French offices of MBB firms are also significantly smaller than the German offices. Best, Heinrich
Hi Marius, you can expect IB salaries to be higher than consulting salaries on all levels. Though of course, workload is higher in IB as well, e.g., the weekends are usually free in consulting, while you can expect to work every Saturday and every Sunday in IB. Best, Heinrich
It's not the goal of consulting companies to be paying the highest salaries. The goal is to be competitive while offering additional benefits. One benefit could be for generalist consultants the opportunity to work on diverse projects and fairly straight forward path of up or out (not to be confused with easy way up :). There are also additional paths e.g., expert consulting compared to generalist path. Those experienced hires come for example from pharma, telco, data/digital (thats super popular now) and focus on projects within their field of expertise.
@FirmLearning , can you give some infos on Finalta by McKinsey. Is this a genuine McKinsey job? Does it have same prestige and the same outside options? Is the salary of a research analyst comporable to that of a (Senior) Associate. (I have 3 years of experience and 3 university degree, yet no PhD) Is it possible to from Finalta to the McKinsey?
@@spoison3544 I would be surprised, as salaries in tech in Germany are considered low compared to those in Israel, and McKinsey will need to pay enough to be competitive against high paying sectors
@@roieis Sure, my information is most likely outdated as I heard it few years back. At that time it was in line with CE. I have checked www.glassdoor.com/ for you and what's presented there is definitely higher than CE at this current moment. What I see at GD is for e.g., BA salary in Israel = to Associate salary in CE. Salaries are being updated on regional basis to be in line with local market and to be reasonably competitive. Not to keep up with highest paying sectors.
@@spoison3544 Sure thing. I guess the point is, McKinsey can't get away with offering 55k euros to Associates in Israel because it's non-market for quality candidates of the type they're looking to attract (who can get double that amount in junior-mid managerial positions, not even counting bonuses, RSUs, etc.)
Hi Rod, do not know the exact numbers for NL, but would assume that it is similar. In addition, the NL office has the reputation to work easier hours than Germany :) Best, Heinrich
When sponsoring degrees, do MBB (and especially McKinsey) let you get scholarships on top of their sponsorship (maybe this way you can reduce the value of the loan you get from the firm)? Also, are they flexible as to what degree you'll do? I have seen some very interesting degrees, which aim to hone your interpersonal skills rather than business skills. Do you think that there is leeway to discuss about programs beyond MBA/PhD? I am interested in the Schwarzman Scholars program (MSc in Global Affairs) for example. Will McKinsey sponsor part of my studies (or even, will they let me leave and come back, or this is not an option due to that the Masters degree not being a MBA)? Thanks!!!
So this is very regional. As discussed above, German offices do provide salary during this leave. I believe the reasoning is, if you decide to persue a phd. on German University, my understanding is, there is no tuition, so the sponsorship is provided in form of salary. I believe there is a cap and you can sort of ballance out how to utilize this budget. That being said I do not have personal experience. I did not go for leave due to personal reasons. Yes, your choise is considered but you will be also consulted by your Development Manager. For example if you went already to Cambridge you might be advised to continue in Oxford (this example is obviously oversimplified). This benefit does comes with strings attached,. After you return you will have to stay with the firm for 2 years. I know some colleagues in US that decided to quit rather than being tied to the firm afterwards as they may find different opportunities while back at school.
Hi, yes in general you will be able to get scholarships on top of the sponsorship (at least in Germany). You indeed can also get degrees beyond MBA and PhD, e.g., MPA programs are also quite popular, MSc in Global Affairs should be OK as well (you might need to explain your reasoning / get some questions though). Best! Heinrich
Hi there! Did you make it in? I will start my scholarship in August and just recently left MBB (Internship). Looking back, I think it might would've been smarter to work fulltime and then apply for the M.Sc.
Hi Heinrich, do you think that it is possible to get into consulting by having a masters degree in biomedical sciences without a business degree? Are natural scientists in demand?
Hi! Yes this is absolutely possible. MBB firms hire lots of people with STEM backgrounds, this is not even considered an exotic background. Lots of success to you!! Heinrich
Yes and Yes. Got plenty of colleagues with scientific background. In my experience their advantage is very high level of problem solving and structuring message.
With the labor shortage and wages rising for even the minimum wage earners in the developed world,the salaries of consultants are atleast 50 % higher than what you have mentioned in this video
the salaries are not too high in my opinion as these refer to only the top three consultancies worldwide, as far as I understand. So it is definitely justified. Nevertheless, I am happy to have a job where I was able to do the MBA next to it due to normal working hours.
A Senior Financial Analyst (CPA background) earns $100k with only a technical college diploma + CPA (education cost only less than $12k total)..a bit surprise a big consulting firm which requires top 10 expensive MBA ($200k) only earns the same
Hi Michael, trust you are talking about the US? Salaries are generally a bit higher in the US compared to Germany (what I am showing here). Best! Heinrich
Salary in India is relatively less - All companies even its MBB or IB pay less here as there is over supply of over skilled people here. Same role in India vs. EU/US - the difference is upto 2x even after taking PPP into account
Hi Sudeep, can confirm that numbers in India will be lower. Do not know the region well enough to share specific numbers. Living costs are lower in India compared to Germany as well though. Best, Heinrich
Hi Florian, thanks for the comment! Yes, salaries in IB will generally be higher on all levels, though of course workload is much higher in IB compared to consulting as well (most notably, the weekends are usually free in consulting). In tech, it will depend a bit on the position and company. Trust that there will be positions where you earn more, but this is not necessarily as easy to plan and as predictable as the career path in consulting. Agree that tech offers very attractive careers though, putting pressure on the talent pool for consulting firms! Best, Heinrich
@@FirmLearning yes, its a big plus for the UB that you can plan your career. In big Tech, when you look at Google, Apple,… 90% of the Engineers are the rest of their life at Senior Level with a salary of ~200-250k in Germany. But its also a fact, that at MBB there are only people who want to make it up on the ladder while in big tech, there are probably a good part of the employees who dont even want to be promoted because they like their salarys, their 30-40h weeks,…. So in the End I would say on both sides are good opportunities to make a nice career and its rather a question of what you like more, engineering or Consulting and rather you are willing to work >60h a week
Hi Sudeep, while I trust that the contents you learn for your ACCA are quite relevant for many consulting projects, I do not think that it will significantly help you to "get in". Best, Heinrich
Sorry to hear you made this experience.. While my time in consulting was for sure not always great and had ups and downs, I look back at it with an overall positive perspective. Best! Heinrich
Want to improve your Salary Negotiation skills? This is my online course on this topic:
link.firmlearning.com/salarynegotiation
Hey Heinrich, thanks again for the content. Did you see that you now have more subscribers than McKinsey themselves, that's quite an achievement!
Thank you Bradley! Yes indeed noticed that as well.. 100k will be a great milestone :) Best! Heinrich
Given my initial comment, I find your content to be extremely valuable and well delivered!
Super happy to hear that, thank you! Best, Heinrich
very interesting to see the salary range for the MBBs. I'm getting to 7 years experience in consulting at one of the Big 4 in the US and am pretty spot on the Project Lead salary.
Hi, interesting thanks for sharing! Indeed, salaries are a bit higher in the US. Lots of success to you for your career!! Best, Heinrich
Feel like this content and discussion deserve it's own page, redit, quora...
Indeed lots to say about this. Try to facilitate more discussions like this on the Firm Learning Discord server. Feel free to join, great input from you in the comments here! :) (link to Discord in video description). Best, Heinrich
As a consulting employee in Central EU, I can confirm those numbers are correct for Germany, at least from what I heard from colleagues. For CE cut those numbers by 50-55% and you get what you might earn here.
One thing I might add for the Leave program. Firm usually covers only the school tuitons not the salary while you are gone so you better save up.
Ty for confirming. What does CE mean?
Thanks for sharing and confirming! In Germany, you get paid both part of the tuition and a salary during the leave ;) I do know that the leave program differs by country though, also within the same firm. Best, Heinrich
CE stands for Central Europe.
CE is considered Poland, Hungary, Czech Republic, Ukrain, Croatia, Romania
@@FirmLearning True, location makes difference in many things (e.g., your daily allowance when working outside of your local office)
Thank you so much for this very interesting content Heinrich!
I noticed on your Linkedin that it took you only 1 year to promote from Business Analyst to Associate. It seems fast for such a big salary gap. Is it common or is it due to exceptional performance? How many years it “usually“ takes for a Business Analyst to become an associate or for an Associate to become a Project Lead?
Congratulations on the arrival of your new family member,
Hope to see a video about audit soon!
Tristan
Hi Tristan, it is a bit more complex, especially in Germany where there is the "Fellow" system in place at McK. In general, you can expect to be 2 years on the Business Analyst / Fellow level and get the corresponding salary. Then you will go out for the leave. After the leave you will be an Associate for 2 more years and then become a Project lead. I.e. about 4 years from start to project lead, without the leave (you might be faster if you are a rockstar performer and always get promoted early). Best! Heinrich
Thanks for the video! Starting salaries are quite low for accountants but your professional qualification is funded. I entered the workplace 14 years ago but still earn less than an Associate at MBB, although I generally do a 35-hour week so actually my effort to money ratio is probably more favourable than theirs :-)
Hi Alistair, indeed work-life-balance is usually not the strong suit of a consulting career. Trust that such a 35 hour week has lots of great advantages! Best, Heinrich
Hey Heinrich, I get accepted into a consulting firm after watching almost all of your videos. My role will start in two months, can you make a video on how can I better prepare myself prior to onboarding? Thank you.
Hi Chen, thanks for your comment, hope the videos were helpful! :) Yes this is indeed an interesting video topic, lets see might pick this up for a future video!! Best, Heinrich
Take a rest for those next 2 months especially away from the screen to regen as much energy as possible. You will need it.
Very informative, getting to watch you more man since your videos cover very interesting parts of the consulting! Keep up the good work :D
Hi Przemek, thank you for your comment. Super happy to hear the videos are helpful :) Best, Heinrich
Hi! Thank you for this video! I would like to ask if theses salaries are comparable to London offices? Are the salaries higher or lower to the figures you mentioned in London offices?
Hi Nikita, from what I have heard the figures are similar to slightly lower. Best, Heinrich
Heinrich, thanks for the video as always!
Do you have any content for people with non-traditional backgrounds trying to break into MC (e.g., individuals from industries like Real Estate (development, investing, etc), or other adjacent industries requiring similar skills and exposure that consultants look for)? Thanks!
Hi Darrin, thanks for your comment! Good thing is that especially MBB firms hire people from all backgrounds if they meet the criteria. But might indeed discuss this in a distinct video in the future, thanks for the suggestion! Best, Heinrich
Only the real ones know that this video was recorded twice preproduction.. 🤫
Very true.. thanks for being part of the hardcore crew!! :) Best, Heinrich
No wonder the transition among subject is very swift and fast, Germany style in time management , thanks for the hard works and excellent content Heinrich , congratulation for your new babby , i watch all your video and found it still useful for me, who already in consulting for 31 years....keep going sir
@@sundaru1 Thanks so much, great to hear you like the videos!! :) Best, Heinrich
Hi Heinrich! First, I've just discovered your channel and I love it, I'll probably watch all your videos. Let me ask you a question, maybe you could help me:
I am a medical graduate (since 2020) and I am currently an intern in the medical department of Johnson & Johnson (my fellowship ends in February).
What position do you think I would get into at an MBB type consulting firm, if I apply at the end of my fellowship?
Greetings from Spain
Thanks for watching, I am so glad you love the channel! I think the best way to determine this is by speaking to recruiters at these firms to understand which role would best suit you.
Thank you Heinrich for given such tremendous and really helpful insights into the consulting area! Do you think becoming a Business Analyst with a M. Sc. Sport Management from the German Sport University Cologne is possible?
And can you recommend any further educational skills/courses that are really appreciated by employers, e.g. Data Studio certificates etc?
Hi, thank you! Depends on what consulting firm you want to break into. If you want to get into MBB firms, it would be great to do a Master at a target business school (potentially also abroad) to increase your chances. If the rest of your profile meets the criteria, this will be very much realistic! Regarding certifications / courses, no - just from the perspective of getting into MBB consulting, I do not think that this will help you. Best, Heinrich
@@FirmLearning Thanks, appreciate your time to answer! :)
It will be highly dependant on your business proposition to the firm you chose to apply to.
Usually the process is, and I am sure I can talk for all Management Consulting firms (MCF), you submit your CV which will be screened and will have to tick off some requirements. There is ton of books and youtube videos on what are they usually looking for in good candidate. If you do tick off these requirements, then there is usually a test. You can find sample tests directly on the MCF pages. Then you will be invited for in person interviews.
If you will be able to go through all this and make yourself stand out from the crowed it doesn't matter what your major is. I know a partner with masters in Theology another in History. That all being said I agree with Heinrich and everything extra you can offer will increase your chances and prove your interest.
Then there is also a path to be hired as an experienced hire or for some internal role and then switch to consulting but that can be even more difficult.
Heinrich, thanks for the great insights! Any tips / advice on getting a full-time offer after an internship at MBB?
Hi, thanks for the comment! Did a video on exactly this topic in the past, check out the channel :) Best! Heinrich
@@FirmLearning Perfect, I'll check it out :) I am super excited to start my internship, but not sure what to do in preparation to maximise my chances to get an offer..
Thank´s as a Swedish civil engineer I have always wondered what my study companions in the industrial engineering field gets payed. Great now I know that I choose the wrong engineering field. :-)
Hi Jonas, thanks for your comment. Great thing about consulting is that especially the MBB firms do not care too much about your major. Therefore if you are really interested to do the transition, go for it! ;) Best, Heinrich
Hi Jonas, keep spirit brother, i am a civil engineer too and working as consultant, on my experience the finance and law major background have higher remuneration compare to the engineering major, my advise is take the MBA or finance in your master degree, i believe it will significantly empower of your potential....cheers
@@sundaru1 Thanks for the positive vibes
I am working in a different industry but I have been following your channel for a while. Most corporates now have this accelerated program which targets mainly juniors who spent very little time with consultants and hire them with a lot of promises for growth and matching the income from Consultants. The topic is too complex to be discussed in a comment but overall I think that it is backfiring at the corporates and most MBA programs because most of these candidates don't fit well and they eventually leave or become a burden on the corporate.
Seeing those packages makes total sense to me now why a guy with 2 or 3 years of real life experience and placed in a midmanagement role in a corporate where they have no idea how to execute and get shit done is a wrong move.
Hi, thanks for your comment and sharing your perspective! Agree that it can be tough and difficult to transition from a role in consulting to an operational role. Indeed many consultants underestimate how difficult it actually is to run an organization (me included after I left consulting) - this is at least my experience and I also made a video about it. Best, Heinrich
@@FirmLearning I watched the video and I appreciate the transparency. Would be very interested to know your opinion of consulting firms nowadays giving a one size fits all solution or a copy/paste solutions to most corporates and how the magic pill (digitization, differentiation by engagement marketing, organization changes, sustainability relevance) can be an overkill in certain markets or industries. More like a jump on the bandwagon approach.
Very clearly explained, step by step thanks!
Great to hear that, thanks Buse! Best, Heinrich
Hi Heinrich, Im starting soon in a smaller consulting firm and im going for 60k salary. I will have more free time than in top tier and hope to build my own brand next to the job as you did here on the channel. Greetings
Hi Heinrich, great video! I will be doing an internship in consulting this coming fall. Was wondering if you ever worked with student interns in business consulting and if you can share a little about how you determined whether the intern was a good or bad intern by the end of their internship? Thanks!
Hi Hujas, thanks for your comment! Yes have worked with student interns in the past. Even have a video on this topic on the channel, check it out! :) Best, Heinrich
Hi Heinrich. Thank you for the insights. Please can you make an up to date video on work-life balance? The salary/compensation is always attractive, but work-life balance nowadays is more important, particularly with mental health and burnout. You could get paid millions, but if you spend over 100+ hours a week working, then what is there of life? Early retirement?!
Hi, thanks for the comment. Great suggestion! Already touched on this topic in several videos, but agree that this might be important enough to dedicate a full video ot it. Stay tuned for future content :) Best! Heinrich
Work life balance is something the firm is really looking into. Especially in the past year. Provides guidance and help. I will not sugar coat it and tell you that consulting life is only about flying 1st class, living and dining in 5 star hotels. There are projects where you will work ~10 hours per day but there are projects where you will work ~16 or more hours per day including weekends.
For me it goes down to if I like the topic and work with colleagues I enjoy working with. Coz I can be on study where I only work 8 hours per day but the team is not on the same frequency and it's going to be an absolute nightmare. On the other hand I did a study where I hardly slept including weekends but the team worked as one person I didn't mind the extreme hours.
Pre covid the standard week was sort of:
Monday morning commute to client location > Thursday return home. Evenings in hotel or home. Friday work from your local office but usually more focused on planning and content work, catching up with friends and colleagues, office events. Occasional weekend work
During covid: Zoom calls Monday through Friday morning till late night (If you are lucky you can join some local office zoom session)+ occasional weekend work.
This is based on my persona experience.
There are colleagues that love the new normal, there are colleagues that hate it. Both sides scared about what's coming next.
Hey Heinrich, as always good and interesting content from you! As base salary you mentioned as base a masters degrees but also mentioned bachelor graduates. How much would the starting income of a bachelor graduate would be? When doing their leave they would then make their masters?
Hi, yes indeed. With a bachelor, it will be ~15k EUR or so less for the first year, then around the second year you will be on par with the Master graduates. Best, Heinrich
As a Chinese in Munich, I am still a bachelor student, but very appreciate your videos which would support my ideal career path :)
Happy to hear that - lots of success to you Li!! Best, Heinrich
How many people do these firms actually hire and how many of those people last longer than 2 years? The reason the salary is high is because it justifies very unpleasant working conditions.
Hi, thanks for your comment. For sure the workload is high and this is also one of the reasons why the salaries are high as well. It is also true that many people leave after some years, though there are also other reasons for that / not only due to work conditions. Do not know exact global numbers, but believe that there was a news article earlier this year with McKinsey Germany where they announced that they aim to hire 400 new consultants in 2021 in Germany. Best! Heinrich
Nice video Heinrich! Is it possible to apply for MBB in Germany even though you aren't German, or better to apply in your country? Thank you in advance :)
Hi! In general, most firms will require you to have a working permit for the country you apply to and that you have business fluent language skills for the local language. If this both is the case for you, you can apply! It will help your case to also be able to provide good / personal reasons why you want to work in that specific country if you did not have any connections to it before. Best, Heinrich
Hi Heinrich! Thank you for this video. How much taxes (percentage of a salary) do they have to pay in Germany?
Hi Camilo, marginal income tax rate for consultants in Germany will usually be around 42%. Best, Heinrich
Hey Heinrich,
What are the differences between offices in one country, if there are any? Do some offices have thematic competences or doesn’t it really matter in which office you start? Are there any consultancies that staff particularly international?
Hi Ulrico, usually salary structures are the same for offices within one country. Whether offices have thematic focuses depends on the consulting firm. Some offices do, but not necessarily for all firms in all regions. How this is organized can also differn within the same firm from region to region. McKinsey has the value "one firm" which aspires to always bring the best of the firm to the client, independent from where consultants are based. This indeed leads to lots of international staffing. During my time in consulting, ~50% of my projects were international (outside of Germany). Best! Heinrich
Firm Learning Great, thank you very much for these valuable insights and overall for the great content, keep it up!
Hey, thanks for the detailed description. It was very informative. I have a couple of questions:
Q1: Is there anything called Senior Business Analyst between Business Analyst and Associate? If yes, what is the expected salary range of those people?
Q2: What position is suitable for a person who has two years of work experience and then did a non-MBA masters degree? Are they a good fit for Associate? Or BA? Or somewhere in between?
Hi Satvik,
Q1: here the details differ by office and by country. Some will have something like e.g., a Jr. Associate type of role, salaries will be around 90k EUR.
Q2: It will depend on how relevant your work experience will be perceived as by the recruiters / this is something that can be negotiated.. It is possible to start as an Associate with such a profile. Though often once you start as an Associate you cannot take advantage of the leave program anymore, so this is also to be considered. Best, Heinrich
@@FirmLearning Thank you!
Yes. Depending on location and your experience.
Thank you very much for these valuable insights) Are these numbers net or gross?
Thank you! The numbers are gross / before taxes. Best, Heinrich
Hi Heinrich, this is very informative. I am interviewing for an associate director and partner role at BCG based out of Nigeria. Do you know what range such level and role pays, considering its based out of Africa?
Hi, unfortunately not very knowledgeable about salary levels in Nigeria - sorry! All the best to you - H
Hi, great video!
I was wondering, if consultants get overtime compensation for the extra hours they do. A normal work week in Germany looks like 37hs to 40hs. If working more hours like in McKinsey (50+ to 60+ hours a week), are these hours paid? Or is this expected and considered by your employer for already having a good base salary and bonus?
Hi Jose, in consulting (as in most other „fast paced careers“) you will not receive overtime pay in most firms. Hourly rates are therefore indeed not that great, especially on junior levels. Trust that on senior levels, hourly rates still stack up quite well though ;) Cheers! H
@FirmLearning Thanks a lot for taking the time to reply. I just saw your first video today and already watched like 20 more of them. You are truly a great inspiration! I'm learning a lot from you :)
@@josepierobon4704 super happy to hear you enjoy the videos, thanks Jose!
Very insightful! Thank you for sharing
Appreciate it, thank YOU for watching!! Best, Heinrich
How do these look in asset management companies in Germany? Blackrock, vanguard, fideliti, etc
Hi, they will in general be higher. Do not want to share exact figures as this is not my main area of expertise :) Best, Heinrich
Do you think those salaries are worth the working hours? Especially because of taxes in Germany
You need to consider growth and exit opportunities that these spots give you. Nobody goes into a 70-100 hr week commitment just for the pay at the junior level.
If you join I am sure you will be asking yourself that question many times but it's definitely an experience.
Hi, yes taxes are of course brutal. Though for me the money was never the main motivation. Most people do some years of consulting due to the learnings! :) Best, Heinrich
It's interesting to see the difference between Germany and its neighbours. I'm in a neighbouring country and from what I understand salaries are lower. Also interesting to contrast with investment banking, where base salaries may be lower (this has changed a bit post financial crisis) but bonuses are significantly higher. I wonder why consulting firms do not attribute more reward to the bonus. KPIs are tracked and whether you're a consulting partner of IB director/MD, your job is to bring in money for the firm. Should be fairly similar - no? What am I missing?
Yes indeed, salaries differ significantly by country / based on the local competitive situation. IB salaries will usually be higher on all levels, though of course workload is much higher in IB compared to consulting as well (most notably, the weekends are usually free in consulting). It is true that compensation does not differ significantly on the junior levels, but the spread increases the more senior you get. On partner level, the performance spread regarding salary can be very significant. Best! Heinrich
And don't forget approximately 50% of the money is going to the government via taxes and social insurances, especially if you are not married with no children.
Hey Heinrich. Heard that PhD/MBA grads normally enter as consultants not associates in the UK. Am I missing something?
Hi Nick! Hmm these job titles differ firm by firm, would need to understand what firm exactly you are referring to. E.g., at McK, in most offices there is no job title of a "Consultant". That being said, at MBB you do indeed start on a higher level with a PhD / MBA than with just an undergraduate or pre-experience master degree in most offices. Would be very surprised to hear that this is different in the UK. Best! Heinrich
Nice Video 👍
What about Tech companies IBM etc.?
Edit: 50% less?
Hi Dhruv! The spread will be smaller for the entry levels and higher for the senior levels. E.g., as a young business graduate in Germany, you will likely earn something around 45-50k in such tech consulting roles (compared to 70k at MBB). The spread will increase the more you advance! Best, Heinrich
maybe you did a video of this before. But why did you leave consulting? You are relatively young and don't seem burnt out. I am curious what got you to exit the industry if you have totally exited....I ask as a market/consumer insights consultant who is increasingly working on business process projects for clients. I often consider working as a management consultant to gain some experience that I would definitely apply to some of my clients' projects. great channel by the way....
Hi Moowa, thanks for your comment! For me it was always clear that I did not want to work in consulting forever. After 6 years, I felt like the time was right and when I got an interesting opportunity, I followed it :) Best! Heinrich
@@FirmLearning Thanks for the response. Wise decision. Perhaps some day you could do a video on what to look out for as a consultant and how to exit the industry. I know I would have benefitted from a path out of the consulting I am in. Working for myself is one way out and while it is less stressful not having a boss above me, its a different type of stress to be the final authority on client brands and consumers. Best to you too
Thanks heinrich for the informative video! Anyone know what are the base salary for business analyst / associate in mbb France? It seems to be much lower than in Germany, despite the higher living expanses 🤔
Hi! Hmm also heard that salaries are slightly lower in France, but unfortunately do not know the precise numbers. The French offices of MBB firms are also significantly smaller than the German offices. Best, Heinrich
And about the salary for specialists? For example, I'm finishing my phd and applied for a vacancy titled "specialist*"
Thanks for the video! :) how do the consulting salaries stack up to investment banking salaries in germany?
Hi Marius, you can expect IB salaries to be higher than consulting salaries on all levels. Though of course, workload is higher in IB as well, e.g., the weekends are usually free in consulting, while you can expect to work every Saturday and every Sunday in IB. Best, Heinrich
It's not the goal of consulting companies to be paying the highest salaries. The goal is to be competitive while offering additional benefits.
One benefit could be for generalist consultants the opportunity to work on diverse projects and fairly straight forward path of up or out (not to be confused with easy way up :).
There are also additional paths e.g., expert consulting compared to generalist path. Those experienced hires come for example from pharma, telco, data/digital (thats super popular now) and focus on projects within their field of expertise.
Hi Heinrich, are presented salary numbers represent gross or net value?
Gross / before tax! Best, Heinrich
Very informative video. Just one question, from all those levels, which one becomes the most intensive with the use Excel ?
Hi, thanks! Usually the more junior you are, the more you will work with tools such as Excel :) Best! Heinrich
@FirmLearning , can you give some infos on Finalta by McKinsey. Is this a genuine McKinsey job? Does it have same prestige and the same outside options? Is the salary of a research analyst comporable to that of a (Senior) Associate. (I have 3 years of experience and 3 university degree, yet no PhD)
Is it possible to from Finalta to the McKinsey?
Thanks for the video! Any idea about the salary ranges in McKinsey Israel?
Hi! To be honest - no idea! :) Sorry! Best, Heinrich
From what I have heard similar to Central Europe so some 50% less than Germany
@@spoison3544
I would be surprised, as salaries in tech in Germany are considered low compared to those in Israel, and McKinsey will need to pay enough to be competitive against high paying sectors
@@roieis Sure, my information is most likely outdated as I heard it few years back. At that time it was in line with CE. I have checked www.glassdoor.com/ for you and what's presented there is definitely higher than CE at this current moment. What I see at GD is for e.g., BA salary in Israel = to Associate salary in CE. Salaries are being updated on regional basis to be in line with local market and to be reasonably competitive. Not to keep up with highest paying sectors.
@@spoison3544
Sure thing. I guess the point is, McKinsey can't get away with offering 55k euros to Associates in Israel because it's non-market for quality candidates of the type they're looking to attract (who can get double that amount in junior-mid managerial positions, not even counting bonuses, RSUs, etc.)
Spilling the tea ;-))
Thanks for watching Alistair! :) Best, Heinrich
Would the salaries in the Netherlands be comparable?
Hi Rod, do not know the exact numbers for NL, but would assume that it is similar. In addition, the NL office has the reputation to work easier hours than Germany :) Best, Heinrich
When sponsoring degrees, do MBB (and especially McKinsey) let you get scholarships on top of their sponsorship (maybe this way you can reduce the value of the loan you get from the firm)?
Also, are they flexible as to what degree you'll do?
I have seen some very interesting degrees, which aim to hone your interpersonal skills rather than business skills.
Do you think that there is leeway to discuss about programs beyond MBA/PhD?
I am interested in the Schwarzman Scholars program (MSc in Global Affairs) for example. Will McKinsey sponsor part of my studies (or even, will they let me leave and come back, or this is not an option due to that the Masters degree not being a MBA)?
Thanks!!!
So this is very regional.
As discussed above, German offices do provide salary during this leave. I believe the reasoning is, if you decide to persue a phd. on German University, my understanding is, there is no tuition, so the sponsorship is provided in form of salary. I believe there is a cap and you can sort of ballance out how to utilize this budget. That being said I do not have personal experience. I did not go for leave due to personal reasons.
Yes, your choise is considered but you will be also consulted by your Development Manager. For example if you went already to Cambridge you might be advised to continue in Oxford (this example is obviously oversimplified).
This benefit does comes with strings attached,. After you return you will have to stay with the firm for 2 years. I know some colleagues in US that decided to quit rather than being tied to the firm afterwards as they may find different opportunities while back at school.
Hi, yes in general you will be able to get scholarships on top of the sponsorship (at least in Germany). You indeed can also get degrees beyond MBA and PhD, e.g., MPA programs are also quite popular, MSc in Global Affairs should be OK as well (you might need to explain your reasoning / get some questions though). Best! Heinrich
Hi there! Did you make it in? I will start my scholarship in August and just recently left MBB (Internship). Looking back, I think it might would've been smarter to work fulltime and then apply for the M.Sc.
Hi Heinrich, do you think that it is possible to get into consulting by having a masters degree in biomedical sciences without a business degree? Are natural scientists in demand?
Hi! Yes this is absolutely possible. MBB firms hire lots of people with STEM backgrounds, this is not even considered an exotic background. Lots of success to you!! Heinrich
@@FirmLearning Thank you :)
Yes and Yes. Got plenty of colleagues with scientific background. In my experience their advantage is very high level of problem solving and structuring message.
McKinsey and company what salary rang please tell me
Great Video! Can you also do it for Deloitte, PwC and so on?
Interesting. Yes, might pick this up in the future, so stay tuned :) Best, Heinrich
Are these salaries the same for the internal roles in the consulting firms?
Hi Kunle, no the salaries for internal / back office roles will usually be lower. Best, Heinrich
Do salaries in Germany different so much than in the Netherlands?
Hi Jan! Do not know the exact figures for Netherlands, but would assume that salaries are rather comparable to Germany. Best, Heinrich
@@FirmLearning Hi Heinrich, Thanks a lot for your feedback. May I ask you advice to pass round one and two in McKinsey recruitment process?
This is significantly higher in the US ($170k at associate level for example)
Very much depends on your location, e.g. NYC, LA versus the midwest etc.
@@lk7144 that is not at all the case for MBB. The pay is exactly the same no matter where in the US you are located
Europe usually have lower salaries than US across fields. But they do get more vacation days than the US.
Hi Greg, yes indeed, salaries in US will usually be higher. Best, Heinrich
Do you have any info on latin america, specifically the andean region
Do not know precise numbers, sorry. Suggest you check out sites like Glassdoor etc.! Best, Heinrich
With the labor shortage and wages rising for even the minimum wage earners in the developed world,the salaries of consultants are atleast 50 % higher than what you have mentioned in this video
Hi Omair, salaries refer to Germany. Any numbers you can share?
@@FirmLearning in America they're 100k + for Business Analysts,
$170k + for Associates
@@omairtariq7740 yes, US salaries are indeed higher (though living expenses on east / west coast also not comparable to Germany)
Hi Heinrich - this is all pre tax correct?
Yeah, pre tax
Yes correct! Gross salaries / before tax. Best, Heinrich
the salaries are not too high in my opinion as these refer to only the top three consultancies worldwide, as far as I understand. So it is definitely justified. Nevertheless, I am happy to have a job where I was able to do the MBA next to it due to normal working hours.
Thank you for sharing!
A Senior Financial Analyst (CPA background) earns $100k with only a technical college diploma + CPA (education cost only less than $12k total)..a bit surprise a big consulting firm which requires top 10 expensive MBA ($200k) only earns the same
Hi Michael, trust you are talking about the US? Salaries are generally a bit higher in the US compared to Germany (what I am showing here). Best! Heinrich
Do these salaries already include a bonus or are they just the base salaries?
Most consulting firms will include a discretionary bonus at the end of the year depending on performance!
Before or after tax?
This is before tax (gross salaries)! Best, H
after completing bachelor degree in finance and cma us and after that mba in consulting..
Is that a better plan..??
Please reply
Consulting firms look for people from varying backgrounds and the most important thing is to sell your story in the right way! :)
@@FirmLearning Thank you so much for your reply...
are these the gross or net salaries ?
The salaries represented in this video are gross salaries.
Heinrich, will you be the match to my index?
Not sure what my wife would say about that ;)
4HL
:) Thanks for watching! Best, Heinrich
true
:) Thanks for watching
Can you please tell me what is the salary in India
@@1-person-startup ok
Salary in India is relatively less - All companies even its MBB or IB pay less here as there is over supply of over skilled people here.
Same role in India vs. EU/US - the difference is upto 2x even after taking PPP into account
Hi Sudeep, can confirm that numbers in India will be lower. Do not know the region well enough to share specific numbers. Living costs are lower in India compared to Germany as well though. Best, Heinrich
You could try looking it up on Google, maybe Glassdoor or similar website in your country
Compared to other salarys, these are very attractive, but espacially when you look at IB or big tech, they arent that impressive anymore
Hi Florian, thanks for the comment! Yes, salaries in IB will generally be higher on all levels, though of course workload is much higher in IB compared to consulting as well (most notably, the weekends are usually free in consulting). In tech, it will depend a bit on the position and company. Trust that there will be positions where you earn more, but this is not necessarily as easy to plan and as predictable as the career path in consulting. Agree that tech offers very attractive careers though, putting pressure on the talent pool for consulting firms! Best, Heinrich
@@FirmLearning yes, its a big plus for the UB that you can plan your career. In big Tech, when you look at Google, Apple,… 90% of the Engineers are the rest of their life at Senior Level with a salary of ~200-250k in Germany. But its also a fact, that at MBB there are only people who want to make it up on the ladder while in big tech, there are probably a good part of the employees who dont even want to be promoted because they like their salarys, their 30-40h weeks,…. So in the End I would say on both sides are good opportunities to make a nice career and its rather a question of what you like more, engineering or Consulting and rather you are willing to work >60h a week
@@florian_d Agree!
Can ACCA helps to get into MBB
Hi Sudeep, while I trust that the contents you learn for your ACCA are quite relevant for many consulting projects, I do not think that it will significantly help you to "get in". Best, Heinrich
Wow, these don't sound as high as I expected/ imagined.. Nothing to sneeze at, but I expected more.
Thanks for sharing! Indeed, you need to advance some levels to really tap into the higher salaries. Best, Heinrich
I believe that this salary is pretty high but it’s necessary to pay that much to get the best talents from uni.
And to compensate the number of hours you will be working. 80 hours per week is fairly common.
Fair point! ;)
@@spoison3544 Do Consultants really work 80 hours per week? I thought 60 was the average.
spilling the beans? unless youre gossiping
Guten tag
Hi Sunita :)
These are extremely outdated salaries
Hi Omair, salaries refer to Germany. Do you have any other numbers to share?
Want to be miserable
Become a management consultant
Sorry to hear you made this experience.. While my time in consulting was for sure not always great and had ups and downs, I look back at it with an overall positive perspective. Best! Heinrich
Your voice is so funny